Italy CPI April M/M  0.1% vs +0.2% expected

Source: National Institute of Statistics, Italy

Consumer price preliminary M/M +0.1% vs +0.2% expected,0.3% prior

Consumer price preliminary YoY+0.5% vs +0.7% expected, 0.8% prior

CPI (EU norm) preliminary M/M +0.5% vs +0.7% expected, 2.3% prior

CPI (EU norm) preliminary Y/Y +0.6% vs +0.7% expected, 0.9% prior

Softer data across the board for Italy's CPI. Further weight for the weakening EUR/USD currently sitting around 1.200

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